Overview of Key Overnight Developments on October 5

1. Grayscale: US employment report suggests fewer rate cuts, still favorable for BTC;

2. BlackRock currently manages nearly 370,000 BTC funds, surpassing MicroStrategy's Bitcoin holdings;

3. Tether CEO: "Tether is the US government's best friend.";

4. JPMorgan and Bank of America no longer expect the Fed to cut rates by 50bp in November;

5. Mark Cuban: Harris team actively seeks engagement with the crypto industry;

6. IBIT trading volume reached $15 million before today's market open.